FWIW, the US Fed is the only major central bank in the world that is substantially privately owned. All of its federal reserve banks are owned and governed by p

FWIW, the US Fed is the only major central bank in the world that is substantially privately owned. All of its federal reserve banks are owned and governed by private shareholders. The implicit interests of these stakeholders can be considered as the 3rd mandate, even though it is not encoded in legislation.